Dogecoin's Mysterious Surge: What's Behind the Rise of $DOGE?
Dogecoin (DOGE) has been around since its inception as a meme-based cryptocurrency in 2013. The coin has weathered various market cycles, crashes, and celebrity endorsements.
As of August 4, 2026, DOGE is trading at $0.0702, with a market capitalization of $12.008 billion. Its circulating supply stands at 171.057 billion tokens, while the total supply is also 171.057 billion due to its lack of a maximum supply cap.
The liquidation heatmap indicates mixed signals, with over $258,000 in short positions getting liquidated against $169,000 in longs over the last 24 hours. However, looking at the last few hours, the trend flips, showing $26,688 in longs rekt versus just $1,590 in shorts.
Exchange volume is heavily stacked on Binance at $250.90 million, while social sentiment around DOGE has been leaning bullish lately due to whale-buying headlines.